Anthropic, the San Francisco-based artificial intelligence firm that created the Claude conversational AI system, is moving forward with its long-awaited initial public offering. The company disclosed plans to sell 825 million shares at a price point ranging from $70 to $78 per share, potentially bringing in as much as $64.4 billion.
According to Reuters analysis, the offering would value Anthropic at up to $1.2 trillion. This figure represents a significant step down from the $2 trillion valuation some investment bankers had previously suggested, though it still exceeds the company's most recent private funding round valuation of $965 billion. Trading under the ticker ANT on the Nasdaq exchange is expected to commence later this month.
The company has begun its investor roadshow on Wall Street to build momentum ahead of the listing. In its regulatory filings, Anthropic addressed concerns that have long troubled European AI application developers: the company stated that its core mission centers on developing foundational AI models, though it acknowledged it may occasionally enter competition with application-focused startups in "select categories".
The statement comes as European AI startups have expressed persistent anxiety about whether major model providers, including Anthropic and OpenAI, might launch their own competing applications that could undermine the viability of smaller European firms.
Source: Tech.eu
